Shipyard Net Available Increment definition

Shipyard Net Available Increment is defined in the Financing Plan. “Shipyard Site” is defined in the DDA.
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Shipyard Net Available Increment means all Shipyard Increment, excluding:
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Shipyard Net Available Increment means all Shipyard Increment, excluding: (a) Shipyard Housing Increment; (b) payments to other taxing agencies to the extent required under the CCRL; and (c) the Mandated Payment Pro-Rata Portion applicable to the Shipyard Site.
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Examples of Shipyard Net Available Increment in a sentence

  • After paying or setting aside amounts needed for debt service due on Tax Allocation Debt secured by or payable from Shipyard Net Available Increment during the Agency Fiscal Year, the Agency will use Shipyard Net Available Increment to reimburse Developer’s Qualified Project Costs pursuant to this Financing Plan and the Recognized Obligation Payment Schedule.

  • For avoidance of doubt, Shipyard Net Available Increment may be used to pay all Qualified Project Costs, including those incurred in Phase 2 of the Shipyard Redevelopment Plan Area and Zone 1 of Project Area B of the BVHP Redevelopment Plan Area.

  • The Agency will take all actions necessary under the Tax Allocation Agreement to ensure that Shipyard Net Available Increment will be available for purposes of this Financing Plan, including filing an annual Recognized Obligation Payment Schedule and other actions described in the Tax Allocation Agreement.

  • The Agency pledges and agrees to use Shipyard Net Available Increment towards the payment of Qualified Project Costs.